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Producers of raw-materials were the largest gainers on the MSCI index of Asian shares outside of Japan. The won increased the most while the dollar held losses from the last session. Hong Kong Kong's Hang Seng Index gained by 1.4 percent while the Hang Seng China Enterprises Index climbed by 2.1 percent. New Zealand's 10-year bonds increased by one percent, pulling down the yield by 11 basis points to 2.50 percent.

Ten-year bond yields in Australia declined by 2.06 percent while the 10-year bond of South Korea was down 1.53 percent.

Yahoo Inc. said on Thursday that the data of around 500 million of its accounts were hacked in 2014 in what is allegedly a state-sponsored attack and theft that is believed to be the biggest cyber-breach in the world so far.

The company said that cyber attackers may have stolen personal information, including names, telephone numbers, birthdates and encrypted passwords. But Microsoft assured that sensitive and valuable information such as bank account data and credit card information were not compromised in the breach.

Yahoo did not disclose the identity of the “state-sponsored actor”, or a hacker working on behalf of a foreign government, that carried out the attack. On Thursday, upon confirming that the data breach was bigger than initially estimated, the firm urged its users to change their passwords if they had not done so since 2014, but did not require it.

The attack comes after telecom company Verizon bought Yahoo for $4.8 billion in July. The FBI has reported it is investigating the data breach.

Oil Bounces Back After Algeria Says All Options Possible at OPEC Meeting

Oil prices rebounded after Algeria's energy minister Noureddine Bouterfa stated that all options were possible for an oil production cut or freeze during this week's informal meeting of OPEC members. The statement comes after oil prices fell by 4% on Friday amid indications that Saudi Arabia and Iran were making little headway in reaching a preliminary agreement to halt production.

U.S. WTI crude futures had risen 42 cents to $44.90 per barrel after sliding by 4% or $1.84 in the last session. U.S. crude advanced 4% in the previous week.

Brent crude futures climbed by 42 cents to $46.31 after losing $1.76 or 3.7% at the previous close and gained 0.3% in the prior week.

OPEC members will hold an informal meeting on the sidelines of the International Energy Forum in Algiers on September 26-28, where they will talk regarding a possible output-restricting deal.

Turkish lira continued to fall after Moody's Investors Services on Friday downgraded Turkey's credit rating to junk, citing the growing risks from external financing and a slowing economy that will gradually weaken credit fundamentals over the next two to three years.

While Moody's lowered the Turkish government's long-term issuer and senior unsecured bond ratings debt from Baa3 to Ba1, the agency maintained the country's outlook as stable, stating its resilient $720 billion economy and solid financial track record will alleviate the pressure from the balance-of-payments problem it faces.

The lira fell by 0.7% to 2.9907 per dollar, adding to the 0.9% drop recorded on Friday.

Japan's Nikkei more than halved its losses and decreased by 0.4 percent as the U.S. dollar increased against the Japanese yen at 100.74. Markets are currently inclined to view Clinton as the candidate of the status quo, as several are uncertain as to what a Trump presidency entails for U.S. trade, foreign policy and the domestic economy. The South Korean Kospi and the Shanghai SSE Composite Index were both up.

In commodity markets, oil increased by three percent as the world's biggest producers met in Algeria in order to discuss ways to address the crude glut. Brent crude LCOc1 declined 20 cents to $47.13 per barrel, as U.S. crude CLc1 was down 13 cents to $45.80.

Shares of Volkswagen fell over 4% after a Bloomberg report stated that the U.S. government is evaluating the size of the fine it will impose on the automaker without closing down its business.

U.S. Environmental Protection alleged the German automaker has been cheating on American air pollution tests last year in diesel vehicles issued between 2008 and 2015. A civil complaint was consequently filed by the Justice Department against Volkswagen after it admitted being guilty of the accusations.

Volkswagen agreed to pay a $16.5 billion civil litigation fine in the US. and now the two parties are looking to reach an agreement by January according to sources.